RBI Surprises With 40 Bps Rate Increase Amid Inflation Alarm

Apr 16, 2026

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RBI raised the repo rate by 40 basis points to 4.4% in an off-cycle decision to curb accelerating, globally spreading inflation, referencing the war in Ukraine and persistent inflationary pressures. The Monetary Policy Committee kept an accommodative stance while withdrawing accommodation through a 50 bps increase in the CRR to 44.5%, alongside revised SDF, MSF, and bank rates, aiming to contain CPI inflation to 4% within a +/-2% band. The text also reports a Supreme Court ruling on whether the Governor had authority to refer A.G. Perarivalan’s mercy plea to the President under Article 161.

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RBI Surprises With 40 Bps Rate Increase Amid Inflation Alarm

Apr 16, 2026

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